Home›Earnings›Results›Johnson & Johnson shares fall after a beat-and-raise q…

Johnson & Johnson shares fall after a beat-and-raise quarter

CNBC Earnings said it is still raising its price target, citing that the quarter, despite imperfections, supports its view of the stock.

Reported · Written up by our desk · Results

Johnson & Johnson posted a quarter CNBC Earnings described as a beat-and-raise, but the stock still fell.

CNBC Earnings characterized the results as imperfect, while arguing that enough is going right to validate its continued ownership of the stock.

The outlet also said it plans to raise its price target anyway, pointing to its confidence in the underlying trajectory despite the share move.

More like this

Sources